tsmc climbs to record high amidst tariff buzz
Taipei, Thursday, 31 July 2025.
Taiwan Semiconductor Manufacturing (TSMC) just hit a new intraday peak, reaching NT$1165 on the Taiwan Stock Exchange. Anticipation surrounding upcoming tariff announcements appears to be the key driver. This surge brings relief to investors who bought shares at NT$1160. Market capitalization now exceeds NT$30.2 trillion. Experts suggest caution, as this surge might not translate into sustained short-term gains. Investors should prepare for potential volatility as the tariff situation unfolds.
Tariff anticipation fuels stock surge
TSMC’s stock price experienced a boost due to the anticipation of forthcoming Taiwanese tariff announcements [1]. Cai Minghan from Cathay Securities Investment Consulting noted that the market is closely monitoring the progress of potential US tariffs on Taiwanese chips [1]. The expectation of these tariffs being revealed soon has spurred a preemptive reaction in TSMC’s stock price [1]. However, Cai Minghan cautioned that this breakthrough does not guarantee sustained upward momentum in the short term [1]. The deadline for US-Taiwan tariff negotiations is fast approaching on August 1, 2025 [1].
Market performance and analyst views
On July 31, 2025, TSMC’s stock traded at NT$1160, opening at NT$1160, reaching a high of NT$1165 and a low of NT$1155 [2]. The average price stood at NT$1159, with a total volume of 33,105 [2]. The stock’s price increased by NT$5, representing a 0.433 0.43% rise [2]. On July 29, 2025, the Taiwan stock market experienced a downturn, falling over 300 points due to the anticipation of Taiwan’s reciprocal tariffs [1]. The market closed at 23412.98 points on July 28, 2025, marking a rise of 48.6 points, with TSMC closing at NT$1145 [1].
Geopolitical factors and potential impacts
The broader context includes the US and EU reaching a 15% tariff agreement [1]. An analyst suggests that the Taiwanese stock market could face volatility in the second half of the year [8]. Reciprocal tariffs from the U.S. may take effect on August 1, 2025 [8]. The anticipation of these tariffs has already led to market fluctuations [1]. The interplay of these geopolitical factors and tariff policies significantly influences investor sentiment and TSMC’s stock performance [1][8].